Blog

Topic: “Tax and Legal”

What the Law Requires When Making Grants

Many people say the U.S. government imposes too many regulations and too much paperwork on our economy. Although everyone doesn’t feel this way, it’s a pretty common refrain. One arena very free of government requirements is foundation grants to public charities. Yet many people who work in foundations and many professional advisors to foundations—attorneys, accountants, and consultants—are... Read More

Tips for Effective Meetings With Government Officials

This year’s Foundations on the Hill (FOTH) was hosted by the Forum of Regional Associations of Grantmakers in partnership with the Council on Foundations and Alliance for Charitable Reform. FOTH is a multiday event that brings foundation leaders from across the country to Washington, DC for meetings with Congress about key issues of importance to foundations... Read More

What’s Your “Type”? Complex New Regulations Highlight Importance of Supporting Organization Classification

For funders, especially private foundations, the federal tax rules governing supporting organizations can be important. Grants by private foundations to certain types of supporting organizations are subject to expenditure responsibility and may not be counted toward the private foundation’s annual 5% minimum distribution requirement. The complexity of the rules governing supporting organizations, updated on February... Read More